Statistics relating to Organisation for Economic Co-operation and Development (OECD) Major 7 relate to the combination of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States of America.
International Comparisons
International comparisons show the economic performance of Australia against the performance of other countries.
Care must be taken when comparing economic indicators between countries. Statistical systems vary considerably between countries, which affects the comparability of data.
Australian and other government statistical agencies throughout the world produce and present national accounts based on the principles contained in the System of National Accounts 1993 (SNA93). Although a number of other international standards have been developed for specific areas of economic statistics, such as the International Monetary Fund’s Balance of Payments Manual and A Manual on Government Finance Statistics, the SNA93 has the central position in the standard setting process for economic statistics generally. However, the degree to which SNA93 is implemented varies considerably between countries.
Further Reading
Australian Economic Indicators (1350.0)
A comprehensive, monthly compendium of economic statistics including international comparisons. Generally presents statistics for the last nine years.
OECD Economic Outlook
Presents data on OECD member countries, published in June and December of each year, including employment/unemployment, current account balance, inflation and GDP.
OECD Economic Surveys: Australia
Reviews trends in the Australian economy and policy conclusions. Presents a calendar of the main economic events and Australian and international statistics in a statistical annex.
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